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Classic vehicle owners warned of new car tax changes with motorists at risk of fines

Classic vehicle owners warned of new car tax changes with motorists at risk of fines. Classic car owners could be affected by a simple rule as road tax fees rise for almost all petrol and diesel owners from April.

Classic car owners could be slapped with hefty fines from the DVLA for making a major car tax mistake as Vehicle Excise Duty (VED) fees rise. VED rates increased by just over six percent on April 1 with costs rising across the board for petrol and diesel owners.

The changes mean some road users who have purchased the most polluting vehicles could pay a whopping £140 a year more in VED rates.

Historic vehicle owners registered between 1984 and 2001 are judged on the size of their engine capacity with the highest rise just £20. However, models registered before April 1984 will get away with paying VED charges due to the rolling historic vehicle tax exemption rule.

The policy states owners of cars at least 40 years old can apply for an exemption meaning they are not slapped with the same fees as other road users.

But, classic car owners must still remember to apply for the exemption every year or they could be caught out with hefty fines in place for those who forget.

Owners who have benefited from the exemption for a few years will likely know about the rules.

However, the rolling nature of the plan means more drivers are eligible every year meaning some may not be aware of how it works.

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